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Lender fees. If a lender fees origination charges, these can improve the price of your loan. Some lenders may even take their charges instantly out of your loan proceeds. Other charges to watch out for include late charges, prepayment penalties and software charges. Loan amounts. Most lenders set minimum and most caps on the loan amounts they’ll situation borrowers. If you have to borrow a big amount of money or solely need to borrow a small amount, you could need to seek for lenders that offer financing phrases to match those parameters. Funding speed. For those who want funds immediately, search for lenders that present funds shortly.

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